Trade intensity and business cycle synchronization: Are developing countries any different?

César Calderón, Alberto Chong, Ernesto Stein

Producción científica: Contribución a una revistaArtículo de revista revisión exhaustiva

189 Citas (Scopus)

Resumen

Trade intensity increases the business cycle co-movement among industrial countries. Using annual information for 147 countries for the period 1960-99 we find that the impact of trade intensity on business cycle correlation among developing countries is positive and significant, but substantially smaller than that among industrial countries. Our findings suggest that differences in the responsiveness of cycle synchronization to trade integration between industrial and developing countries are explained by differences in the patterns of specialization and bilateral trade.
Idioma originalInglés
Páginas (desde-hasta)2-21
Número de páginas20
PublicaciónJournal of International Economics
Volumen71
N.º1
DOI
EstadoPublicada - 8 mar. 2007
Publicado de forma externa

Palabras clave

  • Bilateral trade
  • Cycle synchronization
  • Integration
  • Intra-industry trade
  • LDCs

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